Shanghai update allowed ether stackers to withdraw their coins from the network. Some users have been on hold since December 2020, when the feature was first announced.
One of the most notable developments that followed the update was the removal of many Kraken exchange customers from the system. U.S. crypto exchange has problems with the authorities.
In the end, the dispute with the regulator, which could have cost the trading platform $30 million, was resolved amicably, but the steaking operations for the Americans in Kraken had to be closed.
Among the market players still waiting to withdraw their funds, the largest pool is in another cryptocurrency exchange, Coinbase: about 55 000 ETH lie there.
The difference between those who want to start staking and those who want to withdraw their coins is positive, the publication’s experts say.
The former outnumber the latter by $186 million (97 586 ETH).
Steaming ether is still attractive to crypto-enthusiasts, and they are willing to continue generating income this way.
However, some people still prefer to withdraw money and earn from investments, trading, arbitrage and other ways.